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Unknown crypto vulnerabilities and 51% attacks are crypto currency risks that are theoretically out there, but we mostly haven't seen play out. At some point,
by dehrmann 1y ago
Unknown crypto vulnerabilities and 51% attacks are crypto currency risks that are theoretically out there, but we mostly haven't seen play out.
At some point, someone doing AI might amass enough GPUs to do a 51% attack on Bitcoin. You're right that it destroys confidence in the coin, so if you short Bitcoin futures before the attack, you might make money.
- 15155 1y ago> At some point, someone doing AI might amass enough GPUs to do a 51% attack on Bitcoin. This is electrically impossible for Bitcoin specifically, modern ASICs exceed 3 orders of magnitude more hashes/Joule and hashrate/chip than a RTX5090 and cost $2-40 retail per chip.
- Sohcahtoa82 1y agoPeople haven't mined Bitcoin on GPUs in over 10 years.